List of Flash News about smart contract controls
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2025-09-20 06:21 |
NFT Strategy Tokens Warning: Devs Disabling Sell Function Signals Honeypot Risk — Trading Alert and 5 Due-Diligence Checks
According to @adriannewman21, some NFT-themed strategy tokens are reportedly seeing developers disable the sell function or UI sell button, blocking exits for holders, as referenced in an X post on Sep 20, 2025 and a linked thread by @CirrusNFT, source: x.com/adriannewman21/status/1969285666891547081, x.com/CirrusNFT/status/1969129777601663047. Tokens that are buyable but not sellable match the known honeypot scam pattern that traps liquidity and prevents traders from exiting, source: academy.binance.com/en/articles/what-is-a-honeypot-and-how-to-spot-it. Smart contracts can enforce such sell locks via pause controls, blacklists, or adjustable fees that cause sell transactions to fail, indicating a technical restriction beyond the front-end, source: docs.openzeppelin.com/contracts/4.x/api/security#Pausable, docs.openzeppelin.com/contracts/4.x/access-control. For trading risk management, this setup creates asymmetric downside with potential total loss if exits are blocked, so traders should verify on-chain permissions, taxes, and blacklist variables before entry, source: certik.com/resources, academy.binance.com/en/articles/dyor-do-your-own-research. Actionable checks include a dust-sized test sell, reviewing functions like setSwapEnabled, setFees, blacklist, maxTx, and confirming liquidity lock status prior to sizing in, source: certik.com/resources, docs.openzeppelin.com/contracts. |